To ensure hassle-free benefits to farmers under Interest Subvention Scheme, the Reserve Bank of India has advised banks to make Aadhaar linkage mandatory for availing short-term crop loans up to Rs 3 lakh in 2017-18. In order to provide short-term crop loans to farmers at an interest rate of 7 percent during the year 2017-18, the RBI said it has been decided to offer interest subvention of 2 percent to lending institutions, public sector banks, private sector commercial banks on use of their own resources. Banks have been asked to include land details, even after providing gold as a security, for the loan to avoid multiple loaning and to ensure that only genuine farmers avail of concessional crop loans through the mechanism of gold loans.

The freejobalert website freejobalert.com covers all aspects of current affairs like international , national, india & world, online test, bit bank, quiz and previous questions. Subscribe to our email and SMS job alert services to get free job alert daily about latest jobs. Current affairs site short url is ca.freejobalert.com